IURC
News Release

Contact:Mary Beth Fisher

For
Immediate Release

October 16, 2002

IURC APPROVES GAS COST ADJUSTMENT FORINDIANA NATURAL GAS

Today,
in Cause No. 37418-GCA 75, the Indiana Utility Regulatory Commission approved
the decrease in the Gas Cost Adjustment for November, December 2002 and January
2003, requested by Indiana Natural Gas. While there is a small increase over
the current bill, prices will be 20% lower than one year ago.The table below shows the impact on
customers.

Table
1

Proposed vs. Currently
Approved GCA Factor

For Residential
Customers

ConsumptionMcf

Bill atProposedGCA
Factor

Bill atCurrently ApprovedGCA Factor

DollarIncrease

Percent

Change

5

$ 42.34

$ 41.85

$0.49

1.17%

10

78.68

77.71

0.97

1.25%

15

115.02

113.56

1.46

1.29%

20

151.36

149.41

1.95

1.31%

25

187.70

185.26

2.44

1.32%

Table 2

Proposed vs. Prior Year
Approved GCA Factor

For Residential
Customers

ConsumptionMcf

Bill atProposedGCA
Factor

Bill atPrior Year
ApprovedGCA Factor

Dollar(Decrease)

Percent

Change

5

$ 42.34

$ 53.22

($10.88)

(20.44%)

10

78.68

100.44

(21.76)

(21.66%)

15

115.02

147.66

(32.64)

(22.10%)

20

151.36

194.89

(43.53)

(22.34%)

25

187.70

242.11

(54.41)

(22.47%)

Indiana Natural Gas serves more than 7,700 customers, with its
headquarters in Paoli, Indiana.